INrERNATtONAL DENDR0y SO(:JETY UNAUDrrED RF.PORT AND ACCO[j FOR THE YEAR F.NDF.D 30 SEPTEMBF.R 2022 R¢iMered Ch217tV iyo. 11782i2 C.h2ritable Ineorw)r*ied Or%aDisatx)o CFJ114010 IwrF.RNATIONAL DENDR0Ly %OCXETY REPORT AND Accouwr F()R THE YEAR ENDED 30 SF.PTEMBER 2022 15 Feb 2023
Rcfcrcnce and adMiVe infonnation IndeFn(knt I.l0cr,S Rcport Statement of financial activiiies 8-16 Notcs to the accounts 15 Feb 2023
trERNATIONAL DENDR0y sOcy REFERENCE AND ADMINLrnTIVE INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 C'.harity Name: Govérniuu iDstr•me•tr. The C'harity is a C'haritable IncoTP)rated (hsanisation rni having a 5h3Te capitsl. governed by ILS C.orLlution dated 4 May 2018 as amended on 5 septunber 2019. Rc%i%tered Cbarity No: 1178252 Cbarit*ble Incorporated C.omp4y No: CFA)14010 tady D Rowlatyl (Lhairnianl {appoinwt 16 lthebnry 20221 Mrs C van BeIng•FRaUw¢fthoff {8ppointed 16 kebruary 2022) Mr A Bruncl The EArl of c.ork & Orrery Colonel J R G C'TISP (restgnal 26 July 2022) Mt5 (" Felthnan ITEsiwKd 22 2022) Mrs F N'on Finck (apwinted 26 Juty 2022) Howard of Penrith Mrs A M Johnson MrWWRKerr Nqr A S Kirkham (apInted 16 2022) Mrs Ml" de laubar¢d¢ Mr A Rallllnek1 Hergest Ftstste ()tfKe Kington Heteford5hire HRS 3F.G Miss E A Malcolm Bankers: CAF Bank 25 Kin Elill Av¢nu¢ Kin J Flill West Mallin Keni Mb.194JQ Invtstment MaD%gen: Caz¢novc Capital I IA)ndon Wall Place IA)ndon F.1'2Y SAU Independent ExamiDer. Satah J Morley ACA Kendall Wadley LLP Cjfdnts IAx4ge 71 (iTaham R(1 MalN'crn WR142JS
INTENATIONAL DEDR0Ly SOC.IETY
TRUSTFF_S. RF.poiYr
FOR THF. YEAR ENDF.D 30 sY.vfF.MBER 2022
The trustees present the reFKTrrt and accounts forthe IMernational l)endrolo£v S
IwrERNATIONAL DENDR0y SOCIETY TRUSTEES, REPORT FOR THE PERIOD ENDED 30 SEFfEMBER 2022 (eoRtiDued) FINANCIAL REVIEW ["'or the year ended 30 September 2022. tt income was £43.857 after losses on investments (2021: net incom after gains on investment¥ of £21586}. The main exrnditure during the )'ear was the publication of the Yearlx)uk and development of the Trees und.SITubs ()nline proje. No paents were rnade in respect of political donations during the perioj. Futfher detsils of the fu)al SitIon of the C"Iwity are set out in the accounts on pages 6 to 16. analyscd betwcen unrestricted funds and Testridcd funds. Rcstrict¢d funds arc funds subj¢¢i Io SFtcifi¢ usage. tk)nations received for the deveIopment and mainienance of Trees and Shrubs Online. iticluding additio new gcnera to thc web51t¢, are treated as a r¢5trided fund. Work on the Mtbsite in th¢ period included editing and new authorship and the unspent balance the end of the Li)d w&8 £126,097 (2021.. £98,4S6). A further re5trictd fund foT education purposes has been incr¢as¢d ihrouJ doftaiions durin¢Tr th¢ y¢ar as well as a t of £5.000 from unrLMri¢icd funds. Burwies hav¢ Ixen paid frn this fund durins the )'¢ar to allow young dendrologists to anend a tour in Sloveni& The FAlu¢alion Fund stsnds at £9.669 (2021: £4.32)). Donations io restrieied funds include grants rec¢ivcd from unrcstricted fijnds as explaincd ID notes l and 12 to thc accounts. Unrethicted funds are &xtaable at the discreiion of th¢ irv¢¢$ in further¢ of objects of the (Tharity. At 30 Septevnkr 2022. unrestricted funds totalled £296.704 (2021: £285.834). All gtants and donaiionsreceived by the Cjwity are applied a¢cordingto itsobjects. The trUeeSagre¢ annualh, where to apply these funds as part of the budgding pr(¢ss and monitor th¢ir applicalion during th¢ period considerdtion of repxts at Irustees. m¢eliD&S. RLvrYes policv The trustees aim to ensure that tlwe is sufficient unrestri funding in plac< or available, to ensure that commitments for the following tweli'e Months can met including the elcted requirements for projects and office COS and review fuTurc plans in this contcxL includino . the investmevrt p)licy. tjudgetej unre5tricied expenditure for the next twelve months. net of memtKrship subKriptions and apFX)rtionment of support cost is £71.J)5 and thcrcforc ihc ass¢ts of the Clwitv are considered adquate to fulfil its oblisation. Risk Thc trustees review the risks to the C'harity annually. and the risLs hvc been review¢d dwing thc l&%t peri(xl. Th¢ major risk concerns the on-going fundintt orth¢ Charity. which reli¢s its mcmbership and donaiions from individuals and other organisations to supp(xt lis chatitable actii'itics. The publication of Ixx)ks is an imw)rtant 'aV in which the C"hartfv Tneets its objectiv(%; this can M Silf1¢an1 CO othlav befor¢ publication and makes the managesnent of fun&% particularl> imEK>rtaffl. A fvnding strdtegy is in place to ensure the work of Ihe ('harity can continue forat lea twclvc mmihs 8h(L The C"harity has comprehensive ingjrdnce Folicies in place. STRUCTURE, GOVERNANCE AND MANAGEMENT Th¢ activities of tlK Lharity are governed by its CoLqituti(m regigued on 4 Mav 2018 and amended on 5 8epteTnber 2019 aTMI Tnanaged by th¢ trnstees. The minimuTn number of tru#e¢s is three and trUee$ genernlty m¢¢t thr¢¢ tim¢s a year. The tntstee5 are responsible for safeguarding the assets of the ChaTity and for tskiog reasonle st¢P5 for Ihe prevention and detection offrdud and othw iTre8lllarwties.
IRNATIONAL DENDR0Ly SOCIETY TRUSTEF.S' REPORT FOR THF. PF.RIOD ENDED 30 SF.vfEMBER 2022 (¢olltinued) Trust¢es a re¢ruitoJ ihrouJ r¢commcndaliorL WTth a Tr'icw io maltrtaining a balance of eiperience on the Iloard. Appointment generally takes place at the Annual (ieneral Meeiing and true¢S offer themselves for re- ¢l¢clion ai cach Annual (icn¢ral M(tiin<v . Thac is no fiicd of appoinltnent. The Charity undertakes an induction proccss w'hich includcs meaings with other trullees and the Seerew and provides support for il)Slructioo oo thc wswnsibilili¢s of tru($ in the Ma11¢M¢t of the ('harity. Th¢ tnlsiees dele rCspOibl1itics lo the S• lo rnana the olallOn of the Cknity on a day-i&day b&8is but decisions of a st¢gi¢ nature are reserv for the Bo*d of tr¢¢¢$. The CTrarity's activities will cofttinue to advonce the public undering of w(Kty plants and io promo1¢ the cultivatioN preservaiion prol¢xtion of ¢ndang¢rcd S1¢$ varidi¢s. IlYm its m¢mb¢rsFll"P. publications the ¢knelopnent of Trees and.ws C)nline and wpwt of intcrnationai Fwjects. l.ady D Rowland Trust¢e 15 Fcbruary 2023
INDEPEND EXAMINER REPORT TO THE TRUSTEES OF THE RNATIONAL DENDR0y WCIETY l TEF to the chartty trustees on zny &xamination of the accounts ofthe Charity forthe y¢ar ¢ThJcd 30 Semember 2022 which are set on page5 6 to 16. Ro%poosibiliknes aAd basis of rtport As thc charity's ttitstccs you arc reS$1b1¢ for the preFJaration of the acc(Mmts Tn accordanc¢ with the requirements of the C'harities Act 2011 ('thc Act.). I rewrt in restttt of my eumination of th¢ chrity's accounts Carri under section 145 of th¢ Act and in carrN'ing out my examination I have followed all the appli¢abl¢ Dir¢¢iions given by the Ch&ity I'ommissi under section 145(5Xb) of the Act. Independent exmiuerfs sllement Your atte4Jtion is drawn to the fact that charity h&s prctorrxl the accounts in accorthc¢ with Accounting and Reporting by Clwities preparing their ac¢owKs in acwrdat)¢e with the Fitiaticjal RertIng Standard applicable in ihe IIK and Republic of Ireland (TrRS 102) in prcfcrence to th¢ Accounling and Reportini. by Chariiies: Lement of Recommendfyl Practice tssued Im l April 2005 which is r¢lcrrcd to in the extant rclbulations but h&$ now tcn WithdraTh. l un(krs¢and that ihis h&$ done in order for ihe fina187 STatents io Frovide a tru¢ and fair view in accordance with (ienerally Accepted Accounting PtIce effective for repjtin - periods on or after l January 2015. I have ¢omplded my exwnination. J confirni thai no material matt¢rs have ¢om¢ to my attffiiion in confitIon with the examination giving mc caus¢ to bclicv¢ in any matcrial ffsL accounting records were not kqA in respect of the clwity as requirtyj by section 130 of the Act" or th¢ accounts do noi accvrd with thos¢ r¢¢ords' or Ihe accounts do nol complv '1th thc applicabk Tcqukrcmcnts conccrnino th¢ f(Km and contcnt of accounts $¢1 out ift th¢ Cl)8rtlies {Accounts and Rewrts) Rerylaions 2008 her than anv requir¢m¢nt that the accounis give a knie and fair view" which is n(A a matter considered as part of an independenl axamination. I hai'e no concerns and have com¢ rosS no other matters in connertion with the examination to V*'hich attention should b¢ drawn in this reFxJrt in order to enable a prolv widerrfanding of the accounts to be reached. Sarah J Morley AI'A Kendall Wadley I,l.P (Jranta IAhJse 71 CJTaham Koad Malvern Worccaershirc WR14 2JS
INfERNATIONAL DENDROI£IGY socjrry STATEMENT OF FINANC.IAL AcnvrrtF_S ONC:LUDING INCOME AND LXPENDrruRE ACCO) FOR THE YEAR ENDED 30 SEYfEVBER 2022 Ilnrestrirted Rl¢t¢d funds Total 2022 Total 2021 Nrrf¢ Ineonxe from: I)oDaiions 71610 63,416 13,141 149,167 112,109 184,719 63,416 13,141 261276 77,617 45,848 12,491 135,956 Charitable activities Investments Total ineoming resources 112,109 Expenditsre on: Raising funds ("haritable activities {36,174) (78,085) <114259) (3J87) (39¥>1) (34,018) (75,735) (1532120) ( I I OJ06) (79,122) (193J81) (144,324) Total resourees expended Net xncfyme for the period before gai and losses oll ineStMents 32,987 67W5 (¥038) (8,i68) 29,954 (Los5e5ygaiJJs OD ijJve5tments Net income for the period 2nd movement ID fvnds (24.038) 10070 32.987 43*57 21.586 Total funds #t the brynnin• of the ptriod 285834 102,779 38&613 367.027 Total funds at the end of Ihe period 296,704 135,766 432,470 388,613 The notes on pages 8 10 16 forni part of ihese xcounts. All rccogtiised gains and lo arc included in the alx)ve. All income and cxpenditur¢ derive from continuing 0r1
INTERNATIONAL DENDROL(KY SOCIETY BAL1c.E SHF.F.T AT 30 SEvfEMBER 2022 N'o 2022 2021 Fixcd a&ts Intangible assets Invvtithients 3236 299,161 32i.199 C'urrent assets C&8h at bank and in haThl 215,010 21i,010 li5,526 l j5,5?6 Liabilities C'reditor5 fallin- due within one year Net current assets {44.401) {3i,540) 170,609 (40,536) 432.47Q 101,986 (40.4041 .388.613 Lrediiors falling due after more than one year 9 Total net ets Funds of the C.'hxrity Ilnrestrictcd fi]nds Restricted funds Total C.'harity funds 296.71M 13i,766 432.470 285.834 102.779 -)88.613 The notes on pages 8 to 16 forni p2rt of these accou1. These accounts are prepared in accordance with thc Cbaritics Aa of ?01 l and Financial ReN)rtintr Standard 102 and SORP (FR% 102). Although the C harities (Accounts and Rermxts) RcgulatiotL% 2008 refer to an earlier withdrawi SC)RP. these accounts follow SORP (FRS 102) as ih¢ applithlc oenerdlly ac£eptLxI accounting practicc. The acwunts on pages 6 to 16 were approved by the thteeS and W¢Te signcd ofi its haIrby. IAd% l) Rowland 'I'rusl¢¢ 15 E.'ebruary' 2023
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
1 Principal accounting policies
Basis of accounting
The accounts have been prepared under the historical cost convention modified for the revaluation of investments and on a going concern basis.
The Charity constitutes a public benefit entity as defined by Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the financial statements have been prepared in accordance with FRS 102 (issued on 16 July 2014), the Charities Act 2011, and the Statement of Recommended Practice Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (as amended for accounting periods commencing from 1 January 2019). As permitted by FRS 102 Section 1A, the accounts do not include a cash flow statement.
Taxation
The company is a registered charity and as such is not generally liable to taxation. For this reason, there is no tax reconciliation note.
Income
All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income, its receipt is probable, and the amount can be measured reliably.
Where restricted funds are separately managed, are treated as restricted income in the Statement of Financial Activities.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Support costs, including the governance costs of general running of the Charity and fulfilling statutory and constitutional requirements, are apportioned across activities based upon estimated time spent.
Grants are made in accordance with the objectives of the Charity and authorised by the trustees.
Intangible fixed assets
Intangible fixed assets are stated at cost. Amortisation is charged by equal annual instalments commencing with the date that the cost is incurred at rates estimated to write off their cost or valuation less any residual value over the expected useful lives which is 3 years for information systems.
Investments
Investments are shown in the accounts at market value. Gains or losses on realisation or revaluation are added to or deducted from capital as appropriate and shown separately in the Statement of Financial Activities.
Cash and cash equivalents
Cash and cash equivalents include deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
8
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
(continued)
Creditors
Creditors are measured at settlement amount. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Life membership subscriptions are treated as deferred income within creditors and amortised to income over a period of twenty years, being the estimated length of time over which life membership benefits are expected to be used by the members.
Financial instruments
In accordance with section 11 of FRS 102, the Charity has basic financial instruments that are recognised in the balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. Liabilities are recognised when there is a measurable present obligation for a likely transfer of economic benefits upon settlement.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors and are ring-fenced for such particular purposes. The cost of raising and administering such funds is charged against the specific fund, where appropriate.
Critical accounting estimates and judgements
In the application of the Charity s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
9
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
(continued)
2 Donations
| 2022 £ Unrestricted funds: Donations 72,610 Restricted funds: Trees and Shrubs Online Donations received for development and maintenance 50,334 Donations received for addition and updating of new genera 55,679 Education Fund 6,096 112,109 Total 184,719 Donations received for restricted funds include £23,000 (2021: £5,000) from the C funds as detailed in note 6. 3 Charitable activities £ Annual membership subscriptions 36,790 Amortised life membership subscriptions 6,133 Study periods income 15,945 Sales of publications and royalty 228 Other 4,320 63,416 4 Investment income £ Dividends 12,833 Interest 308 13,141 |
2021 £ 29,567 |
|---|---|
| 31,780 16,270 - |
|
| 48,050 | |
| 77,617 £ 36,558 6,167 - 363 2,760 45,848 £ 12,479 12 12,491 |
10
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
(continued)
| 5 Total resources expended Basis of apportionment Costs directly allocated to activities Tour costs Direct Other activities Direct Study period costs Direct Yearbook and other publication costs Direct Trees and Shrubs Online Direct Grants & bursaries (Note 6) Direct Membership subscriptions Direct Amortisation Direct Support costs apportioned to activities Accountancy fees Staff time Secretary and other office salaries Staff time Meeting costs Staff time General office costs Staff time Total support costs Total resources expended |
Raising funds Charitable activities Total 2022 £ £ £ 5,658 - 5,658 - 6,997 6,997 - 6,516 6,516 - 30,359 30,359 - 70,372 70,372 - 23,750 23,750 - 870 870 2,576 - 2,576 3,838 1,935 5,773 16,290 7,373 23,663 3,981 2,008 5,989 7,218 3,640 10,858 31,327 14,956 46,283 39,561 153,820 193,381 |
Total 2021 £ 4,989 2,548 - 25,229 64,652 5,000 876 1,916 |
|---|---|---|
| 6,116 22,106 633 10,259 |
||
| 39,114 | ||
| 144,324 |
Accountancy fees comprise £960 (2021: £960) in respect of independent examination and £4,813 (2021: £5,156) for accounts preparation and related costs and support with management reporting.
Support costs include governance costs of £11,627 (2021: £6,033) comprising year end accounting and independent examination and meeting expenses, and an allocation of Secretary and other office salaries. Support costs are apportioned across activities based upon estimated staff time spent.
Salaries in respect of two part-time employees include wages and salaries of £22,974 (2021: £21,462) and pension cost of £689 (2021: £644).
No trustees received remuneration nor reimbursement of expenses. Trustees place.
11
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
(continued)
The analysis of the previous period
| Basis of apportionment Costs directly allocated to activities Tour costs Direct Other activities Direct Yearbook and other publication costs Direct Trees and Shrubs Online Direct Grants & bursaries (Note 6) Direct Membership subscriptions Direct Amortisation Direct Support costs apportioned to activities Accountancy fees Staff time Administration and other office salaries Staff time Meeting costs Staff time General office costs Staff time Total support costs Total resources expended |
Raising funds Charitable activities Total 2021 £ £ £ 4,989 - 4,989 - 2,548 2,548 - 25,229 25,229 - 64,652 64,652 - 5,000 5,000 - 876 876 1,916 - 1,916 |
|---|---|
| 4,035 2,081 6,116 15,075 7,031 22,106 418 215 633 7,585 2,674 10,259 |
|
| 27,113 12,001 39,114 |
|
| 34,018 110,306 144,324 |
| 6 Grants and bursaries Unrestricted funds: Grant awarded for management of_Trees and Shrubs Online_ Grant awarded to Education Fund Restricted funds: Student bursaries for tours Education Fund |
2022 £ 18,000 5,000 23,000 750 23,750 |
2021 £ 5,000 - |
|---|---|---|
| 5,000 - 5,000 |
Applications for bursaries are encouraged through publicity to students and young members.
12
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
(continued)
7 Intangible fixed assets
Intangible fixed assets at the end of the period relate to costs incurred on development of membership database systems.
| Cost At beginning of the period Additions Cost of intangible assets at end of the period Amortisation At beginning of the period Charge for the period Amortisation at end of the period Net book value at end of the period 8 Fixed asset investments Market value of investments at beginning of the period Change in value in the period Market value of investments at end of the period Cost of investments at end of the period |
2022 £ 6,762 1,980 8,742 2,930 2,576 5,506 3,236 2022 £ 323,199 (24,038) 299,161 291,488 |
2021 £ 1,014 5,748 |
|---|---|---|
| 6,762 | ||
| 1,014 1,916 |
||
| 2,930 3,832 2021 £ 293,245 29,954 |
||
| 323,199 291,488 |
All investments are held by Cazenove Capital in Schroder Charity Multi-Asset Fund S Distribution Units.
13
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
(continued)
| 9 Creditors Creditors falling due within one year Trade creditors Accruals Deferred income (Note 10): Life membership subscriptions Study period income Creditors falling due after more than one year Deferred income: Life membership subscriptions (Note 10) 10 Deferred income Life membership subscriptions Deferred income at the beginning of the period Subscriptions received in the period and deferred Amounts released Deferred income at end of the period Being: Creditors falling due within one year Creditors falling due after more than one year |
2022 £ 22,739 16,569 5,093 - 5,093 44,401 40,536 2022 £ 46,262 5,500 (6,133) 45,629 5,093 40,536 45,629 |
2021 £ 7,917 17,660 |
|---|---|---|
| 5,858 2,105 |
||
| 7,963 | ||
| 33,540 | ||
| 40,404 | ||
| 2021 £ 49,179 3,250 (6,167) |
||
| 46,262 | ||
| 5,858 40,404 46,262 |
Subscriptions in advance relate to membership subscriptions received in respect of future years. In the previous year, deferred income for study period income related to amounts received during the period for attendance at study periods due to take place after 30 September 2021.
14
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
(continued)
11 Movements in funds
| Movements in funds | ||
|---|---|---|
| At beginning of the period Incoming resources Resources expended Gains/(losses) on investments At end of the period Restricted funds At beginning of the period Incoming resources Resources expended At end of the period |
2022 Unrestricted Funds Restricted funds (Note 12) Total £ £ £ 285,834 102,779 388,613 149,167 112,109 261,276 (114,259) (79,122) (193,381) (24,038) - (24,038) 296,704 135,766 432,470 2022 Education Fund Trees and Shrubs Online Total £ £ £ 4,323 98,456 102,779 6,096 106,013 112,109 (750) (78,372) (79,122) 9,669 126,097 135,766 |
2021 Unrestricted funds Restricted funds (Note 12) Total £ £ £ 240,480 126,547 367,027 87,906 48,050 135,956 (72,506) (71,818) (144,324) 29,954 - 29,954 |
| 285,834 102,779 388,613 |
||
| 2021 Education fund Trees and Shrubs Online Total £ £ £ 4,323 122,224 126,547 - 48,050 48,050 - (71,818) (71,818) 4,323 98,456 102,779 |
12 Restricted funds
During the year, donations were received to continue the Charity Trees and Shrubs Online project, both for development, editing and maintenance of the website (including a grant awarded from unrestricted funds by the Charity itself) and for authorship of information about new genera not included in the original W J Bean publication. Resources expended include apportioned support costs of £8,000 (2021: £7,166).
Trees and Shrubs Online is managed by a committee which separately oversees editorship, financial reporting, and fundraising for the project, and reports to the trustees. Consequently, when the trustees decide to award grants towards the cost of management of Trees and Shrubs Online from unrestricted funds, these are treated as restricted income in the Statement of Financial Activities.
During the year, the Education Fund received donations from members, including through the Young Dendrologist scheme, and a grant was awarded from unrestricted funds by the Charity itself. These funds are ring-fenced for educational purposes and managed by the Scientific & Educational Committee. Bursary grants were paid for two young attendees on a tour to Slovenia during the year.
15
INTERNATIONAL DENDROLOGY SOCIETY
NOTES TO THE ACCOUNTS
30 SEPTEMBER 2022
(continued)
13 Analysis of net assets
| Analysis of net assets | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Unrestricted | Restricted | |||
| Funds | funds | Total | funds | Funds | Total | |
| £ | £ | £ | £ | £ | £ | |
| Intangible fixed assets | 3,236 | - | 3,236 | 3,832 | - | 3,832 |
| Fixed asset investments | 299,161 | - | 299,161 | 323,199 | - | 323,199 |
| Current assets | 64,464 | 150,546 | 215,010 | 18,197 | 117,329 | 135,526 |
| Current liabilities | (29,621) | (14,780) | (44,401) | (18,990) | (14,550) | (33,540) |
| Non-current liabilities | (40,536) | - | (40,536) | (40,404) | - | (40,404) |
| 296,704 | 135,766 | 432,470 | 285,834 | 102,779 | 388,613 |
16